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CHINA INVOKES ANTI-SANCTIONS LAW IN ESCALATION AGAINST U.S. BLACKLISTING.
China has taken a significant and unprecedented step in its economic standoff with the United States by invoking its anti-sanctions law for the first time, directly challenging U.S. efforts to restrict global oil trade linked to Iran. The move follows Washington’s blacklisting of several Chinese refiners accused of purchasing Iranian crude, increasing pressure on Beijing to comply with Western sanctions. Instead, China has ordered its companies not to comply, signaling a firm pushback against what it views as foreign interference. The decision places global firms in a complex position, caught between competing legal systems, while adding further uncertainty to already volatile energy markets.
- 2 days, 2 hours
UAE WITHDRAWS FROM OAPEC
The United Arab Emirates (UAE) has officially withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), following the country’s landmark decision to exit OPEC and the broader OPEC+ alliance.
- 2 days, 3 hours
OIL PRICES FALL AS TRUMP LAUNCHES “PROJECT FREEDOM” AND OPEC+ INCREASES OUTPUT
Oil prices edged lower in early Asian trading on Monday after President Trump announced the U.S. would guide ships through the Strait of Hormuz and OPEC+ confirmed a modest output increase.
- 3 days, 3 hours
OPEC+ OUTPUT HIKE REMAINS LARGELY SYMBOLIC AMID HORMUZ SUPPLY CRISIS.
Global oil markets are facing a deepening imbalance as OPEC+ pushes forward with another planned production increase, even while real supply remains heavily constrained. The ongoing Iran conflict and disruptions in the Strait of Hormuz a critical artery for global energy flows mean that much of this additional output may never reach the market in the near term. This widening gap between announced production and actual deliverable supply is fueling volatility, keeping oil prices elevated, and increasing pressure on economies worldwide. As geopolitical tensions persist, OPEC+’s strategy appears less about immediate supply relief and more about signaling control, maintaining market confidence, and preparing for a post-conflict recovery phase even as current conditions point to continued tightness in global energy markets.
- 3 days, 4 hours
BELGIUM STOPS NUCLEAR PHASE-OUT.
Belgium has abruptly shifted course in its climate and energy policy by halting the dismantling of all nuclear reactors.
- 1 week
OIL SLIPS AS MARKET DIGESTS UAE EXIT FROM OPEC, SUPPLY CONCERNS LINGER.
Oil prices edged lower on Wednesday after a strong multi-day rally, as markets weighed the impact of the United Arab Emirates’ unexpected decision to exit OPEC.
- 1 week, 1 day
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